Cosco Energy Transportation has entered into the Agreements with Dalian Shipbuilding Industry Company Limited for the construction of the Very Large Crude Carriers (VLCCs) and the Suezmaxs. The total consideration for the construction of the VLCCs and the Suezmaxs is RMB 3…
CMA CGM has announced four additional ships under the French flag. The first among these will be a 20,600 TEU containership which will be named as CMA CGM Antoine de Saint Exupery. The other three vessels under French flag will be 22,000 TEU ships powered by liquefied natural gas (LNG)…
The construction of a series of Arctic LNG carriers under the technical supervision of Russian Maritime Register of Shipping (RS) is in progress: in November “Boris Vilkitsky” and “Fedor Litke” gas carriers were delivered to the customer and the keel of a new gas carrier was laid…
UAE-based Tomini Shipping has increased its fleet size further with an order for three Kamsarmaxes. The 82,000 DWT ships are being built by Taizhou Kouan Shipbuilding Co, a successful private shipyard in China with over 40 years of shipbuilding experience…
Japan’s shipping major Kawasaki Kisen Kaisha (K-Line) has expanded its fleet as it took delivery of the 311,000 dwt very large crude carrier (VLCC) Kisogawa on November 15. Kisogawa, which was constructed by China’s Nantong Cosco KHI Ship Engineering (NACKS)…
Tsakos Energy Navigation Ltd (TEN) has reported the delivery of the ice-class Aframax tanker Bergen TS, the last in the 15-vessel, pre-employed on long-term business, growth program, which increased the size of TEN's fleet by 30 percent over the last 18 months…
South Korean yard giant Daewoo Shipbuilding and Marine Engineering (DSME) ended the third quarter of this year with a profit of KRW 45.7 billion (USD 41 million), compared to a net loss of KRW 284 billion posted a year earlier, Yonhap said…
According to a Reuters report, U.S. Commerce Secretary Wilbur Ross has divested his interests in oil tanker company Diamond S Shipping and is in the process of selling off his holdings in another shipping firm, Navigator Holdings, a Trump administration official said earlier this week…
South Korean shipbuilder Samsung Heavy Industries (SHI) said that net profit for the third quarter of 2017 was down 81.8% year on year to KRW23.4 billion (USD20.44 million), mainly due to deliveries of low-priced vessels and a decrease in orders…
Scorpio Bulkers, announced that it has entered into two separate agreements with unaffiliated third parties to acquire three Ultramax dry bulk vessels and one Kamsarmax dry bulk vessel. The deal was for an aggregate of $90 million, of which $77…
Hafnia Tankers has successfully completed its first sale and leaseback in the Japanese market through the sale and leaseback of its 2010 built LR1 tanker, MT Hafnia Africa. The Vessel has been sold to a large Japanese private ship owning…
Solstad Offshore Singapore, a wholly owned subsidiary of Solstad Farstad ASA, has sold the AHTS Nor Star The vessel (5.500 BHP) was built in 2005 built at Pt. Jaya Asiatic Shipyard,Batam Indonesia. Delivery of the vessel to the new owner has taken place today…
Samsung Heavy Industries (SHI) successfully completed Geoje-shipyard portion of the world's largest sized Egina FPSO. The gigantic floater left for Nigeria on 31th October 2017. SHI has now fulfilled successful delivery or sail-away of three massive offshore projects as scheduled…
Mitsui O.S.K. Lines (MOL) announced that one of world's largest containerships, the MOL Truth, was delivered at the Saijo Shipyard of Imabari Shipbuilding Co., Ltd. (President: Yukito Higaki, Headquarters: Imabari-shi, Ehime Prefecture) on October 31…
To promote Government of India’s ambitious ‘Make in India’ programme and to encourage domestic shipbuilding by providing a level playing field vis-a-vis foreign shipyards, the Government had approved the Shipbuilding Financial Assistance Policy for Indian Shipyards in December 2015…